This paper provides a comprehensive analysis of the interest rate pass-through of euro area monetary policy to retail … area shadow rate. Compared to euro area monetary policy, the share of cointegration of the domestic monetary policy rate is … control the "euro part" of the interest rate channel. Furthermore, euro area monetary policy shocks are fast and persistently …

This paper provides a comprehensive analysis of the interest rate pass-through of euro area monetary policy to retail … area shadow rate. Compared to euro area monetary policy, the share of cointegration of the domestic monetary policy rate is … control the "euro part" of the interest rate channel. Furthermore, euro area monetary policy shocks are fast and persistently …

relevant for monetary policy transmission, in particular the money markets and the bond markets. …The financing structure of the euro area economy has evolved since the global financial crisis with non-bank financial … intermediation taking a more prominent role. This shift affects the transmission of monetary policy. Compared with banks, non …

relevant for monetary policy transmission, in particular the money markets and the bond markets. …The financing structure of the euro area economy has evolved since the global financial crisis with non-bank financial … intermediation taking a more prominent role. This shift affects the transmission of monetary policy. Compared with banks, non …

relevant for monetary policy transmission, in particular the money markets and the bond markets …The financing structure of the euro area economy has evolved since the global financial crisis with non-bank financial … intermediation taking a more prominent role. This shift affects the transmission of monetary policy. Compared with banks, non …

This paper empirically investigates the transmission of systemic risk across the Euro Area by employing a Global VAR … model and we find evidence of the risk-taking channel of monetary policy. However, the relationship is reversed in the … initiation of the QE program has the opposite effect. Finally, the effectiveness of monetary policy exhibits significant …

-2019 on the European government bond yields. It adopts a novel econometric approach that combines a data-rich factor analysis …

speeches. To carry out the analysis, we construct the Euro Area Monetary Policy Event-Study Database (EA-MPD). This database …, is a contribution on its own right and we expect it to be the standard in monetary policy research for the euro area. …We study the information flow from the ECB on policy dates since its inception, using tick data. We show that three …

speeches. To carry out the analysis, we construct the Euro Area Monetary Policy Event-Study Database (EA-MPD). This database …, is a contribution on its own right and we expect it to be the standard in monetary policy research for the euro area. …We study the information flow from the ECB on policy dates since its inception, using tick data. We show that three …

speeches. To carry out the analysis, we construct the Euro Area Monetary Policy Event- Study Database (EA-MPD). This database …, is a contribution on its own right and we expect it to be the standard in monetary policy research for the euro area. …We study the information flow from the ECB on policy dates since its inception, using tick data. We show that three …